Kjetil Storesletten

Emailkjetil.storesletten [at] econ.uio.no

Professor, University of Oslo 

Member of the Norge Bank Executive Board and Monetary Policy Committee

Vice President elect of the European Economic Association (2017-)

Advanced Grant from the European Research Council, 2013-2017, "The Macroeconomics of Inequality, Development and the Welfare State"

Fellow of the Econometric Society

Additional affiliations: University of Zurich, and CEPR

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Kjetil Storesletten is a Professor of Macroeconomics at University of Oslo. He obtained his PhD at Carnegie Mellon University in 1995. He has been a Monetary Advisor at Minneapolis Fed and an Associate Professor at Stockholm University (IIES). From January 2017 he will be the Vice President of the European Economic Association. He is a joint recipient of the Sun Yefang 2012 Award from the Chinese Academy of Social Sciences (prize granted for the paper “Growing Like China“). He is a former managing editor (2006-10) of the Review of Economic Studies, and is currently the Chairman of this journal. He is the Principal Investigator of an ERC Advanced Grant. He is a Fellow of the Econometric Society, EEA, and CEPR. His research interests include macroeconomics, political economy, asset pricing, and the economic development of China. He has published papers in several top journals, including, among others: American Economic Review, Econometrica, Journal of Political Economy.


Most Recent Publications

o    Optimal Tax Progressivity: An Analytical Framework Quarterly Journal of Economics (forthcoming), with Heathcote and Violante

o    The Political Color of Fiscal Responsibility Journal of the European Economic Association, 2016, vol. 14(1), pp. 252-302, with Müller and Zilibotti.

Selected Publications

o    Consumption and Labor Supply with Partial Insurance: An Analytical Framework American Economic Review, Vol. 104(7), 2014, pp. 2075-2126, with Heathcote and Violante.

o    Rotten Parents and Disciplined Children: A Politico-Economic Theory of Public Expenditure and Debt, Econometrica, Vol. 80(6), November 2012, 2785-2804, with Song and Zilibotti. Download here the Supplemental Material and the Matlab code.

o    Growing Like China, American Economic Review, 2011, vol. 101(1), pp. 196-233, with Song and Zilibotti. Download also the Technical Appendix.

o    The Macroeconomic Implications of Rising Wage Inequality in the United States Journal of Political Economy, Vol. 118(4), August 2010, pp. 681-722, with Heathcote and Violante. Download here the Technical Appendix.

o    Consumption and Risk Sharing over the Life Cycle, Journal of Monetary Economics, 2004, vol. 51, pp. 609-633, with Telmer and Yaron.

o    Cyclical Dynamics in Idiosyncratic Labor-Market Risk, Journal of Political Economy, 2004, vol. 112 (3), pp. 695-717, with Telmer and Yaron.

o    The Survival of the Welfare State, American Economic Review, March 2003, vol. 93 (1), pp. 87-112, with Hassler, Rodriguez-Mora and Zilibotti. Download here the figures, and the Technical Appendix.

o    Asset pricing with idiosyncratic risk and overlapping generationsReview of Economic Dynamics, 2007, vol. 10 (4), pp. 519-548, with Telmer and Yaron.

o    Sustaining Fiscal Policy Through Immigration, Journal of Political Economy, 2000, vol. 108 (2), pp. 300-23.

Working Papers

o    Demand Shocks as Productivity Shocks, with Yan Bai and Jose-Victor Rios-Rull

o    Sovereign Debt and Structural Reforms, with Andreas Müller and Fabrizio Zilibotti (this version: September 2016)

o    Private Affluence and Public Poverty: A Theory of Intergenerational Predation through Debt, with Zheng Song and Fabrizio Zilibotti (this version: April 2016)

o    Barriers to Entry and Regional Economic Growth in China, with Loren Brandt and Gueorgui Kambourov.

All Publications

 


Publications: Inequality in Macroeconomics

·         Optimal Tax Progressivity: An Analytical Framework Quarterly Journal of Economics (forthcoming), with Heathcote and Violante, (formerly titled as “Redistributive Taxation in a Partial Insurance Economy”)

·         Consumption and Labor Supply with Partial Insurance: An Analytical Framework American Economic Review, Vol. 104(7), 2014, pp. 2075-2126, with Heathcote and Violante.

·         The Macroeconomic Implications of Rising Wage Inequality in the United States Journal of Political Economy, Vol. 118(4), August 2010, pp. 681-722, with Heathcote and Violante. Download here the Technical Appendix.

·         Quantitative Macroeconomics with Heterogeneous Households, Annual Review of Economics, vol. 1, 2009, pp 319-354, with Heathcote and Violante.

·         Insurance and Opportunities: A Welfare Analysis of Labor Market Risk, Journal of Monetary Economics, vol. 55 (3), 2008, pp.501-525, with Heathcote and Violante 

·         Taxes and the Global Allocation of CapitalJournal of Monetary Economics, vol. 55 (1), 2008, pp. 48-61, with Backus and Henriksen.

·         Asset pricing with idiosyncratic risk and overlapping generationsReview of Economic Dynamics, 2007, vol. 10 (4), pp. 519-548, with Telmer and Yaron.

·         Two Views of Inequality Over the Life-Cycle, Journal of the European Economic Association (2005, vol. 3 (2-3), pp. 543-52, with Heathcote and Violante.

·         Cyclical Dynamics in Idiosyncratic Labor-Market Risk, Journal of Political Economy, 2004, vol. 112 (3), pp. 695-717, with Telmer and Yaron.

·         Consumption and Risk Sharing over the Life Cycle, Journal of Monetary Economics, 2004, vol. 51, pp. 609-633, with Telmer and Yaron.

·         The Welfare Costs of Business Cycles Revisited: Finite Lives and Cyclical Variation in Idiosyncratic Risk, European Economic Review, 2001, vol. 45 (7), pp. 1311-1339, with Telmer and Yaron.

·         How Important Are Idiosyncratic Shocks? Evidence from Labor Supply, American Economic Review, May 2001, vol. 91 (2), pp. 413-17, with Telmer and Yaron.

·         The risk sharing implications of alternative social security arrangements ,Carnegie-Rochester Conference Series on Public Policy, 1999, vol. 50, pp. 213-59, with Telmer and Yaron..

Publications: China, Economic Growth and Transition

·         Sharing High Growth Across Generations: Pensions and Demographic Transition in China American Economic Journal: Macroeconomics, 2015, vol. 7(2), pp. 1-39, with Song, Wang, and Zilibotti.

·         Growing (with Capital Controls) Like China IMF Economic Review, 2014, vol. 62(3), pp. 327-370, with Song and Zilibotti.

·         China's Great Convergence and Beyond Annual Review of Economics, 2014, vol. 6, pp. 333-362, with Zilibotti.

·         Growing Like China, American Economic Review, 2011, vol. 101(1), pp. 196-233, with Song and Zilibotti. Download also the Technical Appendix.

·         Education, educational policy and growthSwedish Economic Policy Review, 2000, vol. 7, pp. 39-70, with Zilibotti.

Publications: Political Economy

·         The Political Color of Fiscal Responsibility Journal of the European Economic Association, 2016, vol. 14(1), pp. 252-302, with Müller and Zilibotti.

·         Rotten Parents and Disciplined Children: A Politico-Economic Theory of Public Expenditure and Debt, Econometrica, Vol. 80(6), November 2012, 2785-2804, with Song and Zilibotti. Download here the Supplemental Material and the Matlab code.

·         Democratic Public Good Provision , Journal of Economic Theory, 2007, vol. 133 (1), pp. 127-151, with Hassler and Zilibotti.

·         The Dynamics of Government , Journal of Monetary Economics, 2005, vol 52 (7) pp. 1331-1358, with Hassler, Krusell, and Zilibotti. Download here the Technical Appendix.

·         A Positive Theory of Geographical Mobility and Social Insurance, International Economc Review, 2005, vol. 46 (1), pp. 263-303, with Hassler, Rodriguez Mora, and Zilibotti.

·         The Survival of the Welfare State, American Economic Review, March 2003, vol. 93 (1), pp. 87-112, with Hassler, Rodriguez-Mora and Zilibotti. Download here the figures

, and the Technical Appendix.

·         Dynamic Political Choice in Macroeconomics, Journal of the European Economic Association, 2003, vol. 1 (2-3), pp. 543-52, with J. Hassler and F. Zilibotti

Publications: Immigration

Comments and chapters in books

    


 

Contact details

Tel  (+47) 2284-4009
Email  kjetil.storesletten [at] econ.uio.no

Mail address
Department of Economics, University of Oslo
P.O
Box  0317, Oslo, Norway

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